Michael Cembalest sees the driverless car backlash coming from citizens, the Russia-Ukraine war continuing despite Russia losing two-thirds of its tanks, and more severe power outages in the US.

JPMorgan Asset Management strategist Michael Cembalest had previously predicted that President Joe Biden would drop out from this year’s presidential race in his list of “top 10 possible surprises for 2024” published in the company’s Jan. 1 “Eye on the Market Outlook” report.